70,000 Shares in North American Construction Group Ltd. $NOA Purchased by JB Capital Partners LP

JB Capital Partners LP bought a new position in shares of North American Construction Group Ltd. (NYSE:NOA) (TSE:NOA) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 70,000 shares of the oil and gas company’s stock, valued at approximately $931,000,000. JB Capital Partners LP owned approximately 0.25% of North American Construction Group at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of North American Construction Group in the 1st quarter worth approximately $476,000. Geode Capital Management LLC boosted its stake in shares of North American Construction Group by 51.4% during the second quarter. Geode Capital Management LLC now owns 21,511 shares of the oil and gas company’s stock valued at $344,000 after purchasing an additional 7,300 shares in the last quarter. Raymond James Financial Inc. purchased a new position in North American Construction Group during the second quarter valued at approximately $122,000. Bank of America Corp DE raised its stake in North American Construction Group by 80.7% in the second quarter. Bank of America Corp DE now owns 326,266 shares of the oil and gas company’s stock worth $5,214,000 after buying an additional 145,745 shares in the last quarter. Finally, SkyView Investment Advisors LLC raised its stake in North American Construction Group by 3.0% in the second quarter. SkyView Investment Advisors LLC now owns 70,692 shares of the oil and gas company’s stock worth $1,139,000 after buying an additional 2,040 shares in the last quarter. Hedge funds and other institutional investors own 74.99% of the company’s stock.

Wall Street Analyst Weigh In

NOA has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of North American Construction Group in a report on Tuesday, June 9th. Roth Capital reissued a “buy” rating and issued a $27.50 price target on shares of North American Construction Group in a research report on Friday, May 15th. BMO Capital Markets restated a “market perform” rating on shares of North American Construction Group in a research note on Thursday, August 13th. Zacks Research raised North American Construction Group from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Finally, ATB Cormark Capital Markets downgraded North American Construction Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, April 28th. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $25.75.

North American Construction Group Stock Up 3.3%

North American Construction Group stock opened at $14.01 on Friday. North American Construction Group Ltd. has a 1-year low of $12.07 and a 1-year high of $17.26. The business has a fifty day moving average price of $13.68 and a 200-day moving average price of $14.36. The company has a debt-to-equity ratio of 2.15, a current ratio of 1.07 and a quick ratio of 0.90. The stock has a market capitalization of $390.60 million, a price-to-earnings ratio of 17.73 and a beta of 1.06.

North American Construction Group (NYSE:NOA) (TSE:NOA) last announced its earnings results on Wednesday, August 12th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.23. North American Construction Group had a return on equity of 6.23% and a net margin of 2.41%.The company had revenue of $321.22 million for the quarter, compared to analyst estimates of $246.65 million. Equities research analysts forecast that North American Construction Group Ltd. will post 1.6 EPS for the current fiscal year.

North American Construction Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, August 28th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, August 28th. North American Construction Group’s dividend payout ratio (DPR) is presently 44.30%.

North American Construction Group Profile

North American Construction Group Ltd (NYSE: NOA) is a Canadian industrial company headquartered in Edmonton, Alberta, that specializes in providing integrated heavy construction equipment solutions. Through its two core segments—Sales and Rentals—the company offers a comprehensive portfolio of new and used off-highway trucks, wheel loaders, hydraulic excavators, dozers and motor graders, along with aftermarket parts and maintenance services.

In its Sales division, North American Construction Group partners with leading global equipment manufacturers to distribute and support a broad range of heavy machinery across multiple industries.